FMG 1.11% $27.24 fortescue ltd

Iron ore price, page-48241

  1. 10,118 Posts.
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    Whist's its been a great week or two, it maybe worthwhile stepping back from the noise a bit as there are some concerning developments:
    1. Crude oil prices are starting to crack it which can be a canary in the coal mine for economic growth.
    2. Last night the US Leading Indicators screamed a US recession and the conference board actually stated the US may already be in recession.
    3. This is happening whilst interest rates are still going up!

    Might be wise to consider ones lucky stars!...

    US Leading Indicators indicate a recession - worth reading about (https://www.conference-board.org/topics/us-leading-indicators)

    https://hotcopper.com.au/data/attachments/4849/4849265-997627ad8c501deff5970778ba843fd3.jpg

    Anyway, not much overnight action to speak of:

    https://hotcopper.com.au/data/attachments/4849/4849271-3cb6090a2b033dd7af5670b7fef3a67d.jpg


 
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